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about the upcoming debt ceiling battle. the president says no compromise, but reports say speaker boehner told fellow republicans, he plans to use the debt ceiling as leverage for subpoenaing cuts. who has the upper hand when it comes to raising the debt kre ceiling? >> most observers would say the leverage is on republicans' side here. what is interesting about this debt ceiling battle compared to the last one, have you high-ranking members taking positions pretty far away from the mainstream of what their party is saying. have you house minority leader come out at a news conference say the president should bypass congress entirely and invoke the 14th amendment to the constitution and raise the debt ceiling on his own and high-ranking republicans, john cornyn, also stated this week he thinks republicans should be prepared to push it to the point of a potential government shutdown in order to more spending cuts from the other side. one important thing to bear in mind, we have two months to get the deal done, the leeway is much less for them. the senate and the house will only be i
? >> okay, let's go from there to looking ahead to the debt ceiling debate, kristen. what is the his's strategy to get what it wants out of this deal without getting into another budget showdown? >> well, if you talk to white house officials they believe they have more leverage going into this battle in part because they got republicans to break on the issue of increasing taxes on wealthier americans, that's, of course, what president obama campaigned on and he got that as a part of the fiscal cliff deal. moving forward i think you can expect to see president obama hitting the road, taking his message on the road, traveling to different states and making the argument if the debt ceiling isn't increased, the economy will suffer. you hear him say he's not going to negotiate with republicans. what specifically does that mean, we'll have to wait and see because, of course, house speaker john boehner is also taking a very hard line. he has said that he's not going to negotiate with president obama in these one-on-one sessions that we've seen in the past budget battles and he believes he's
in which he talks about the upcoming fiscal fight over the debt ceiling and drawing a hard line with congress saying he's not going to negotiate with them and house speaker john boehner drawing a hard line as well saying he'll use the debt ceiling debate to try to cut spending. so it looks like we are gearing up for another big battle, craig. this vacation will not last very long. >> kristen welker with a whole lot of day left in hawaii. i expect you have plans as well. good luck, kristen. >> thanks, craig. >> out with the old and in with the new. we're not just talking about out with the old and in with the new. we're not just talking about the fights on the horizon that will include a few familiar faces and washington post ed o'keefe, good afternoon to you, gentlemen. >> gentlemen. >> ed, the end of 2012, all about the fiscal cliff. right now we're talking about the debt ceiling discussion ahead. how tough of a fight is president obama going to be coming home will to? >> oh, a very tough one because republicans now determined more than ever to get spending cuts as part of the
isn't going to have a debate with us over the debt ceiling. he also says he's not going to cut spending along with the debt limit hike. and then citing a poll conducted by republican david winston, boehner said, 72% of americans agree any increase in the nation's debt limit must be accompanied by spending cuts and reforms of a greater amount. the debate is already under way. number two, texas senator john cornyn took that fighting spirit even further threatening a partial government shutdown. he said in an op-ed, the coming deadlines will be the next flash points in our ongoing fight to bring fiscal sanity to washington. it may be necessary to partially shut down the government in order to secure the long-term fiscal well-being of our country rather than plod along the path of greece, italy, and spain. president obama needs to take note of this reality and put forward a plan to avoid it immediately. finally, pennsylvania republican senator pat toomey voiced the same sentiment earlier this week on "morning joe." >> our opportunity here is on the debt ceiling. the president has m
unprecedented. there's no change in sight. this is the debt ceiling debate of july and august 2011 which was supposed to come to grips with spending and our debt. it was punted off until this january. what came out was another probably as a result of the next one. we will come out with everything deferred. we are not facing the problem. ultimately, it will destroy our economy. >> i disagree with both nina and charles. it was postponed. it was avoided. that's a good thing. yes, the candid get kicked down the road. they had to because of the sequestration that will be taking place. what was achieved is that the president the achieved his goal of increasing the tax rate on the wealthy. that was important. the loser clearly being speaker boehner. yet a bad beginning of the year. >> the voters send them across the washingtons and make sure that they get every benefit that the government has available to them. they some republicans to washington to make sure that they will not have to pay. both parties keeping promises. they will much such a single gray hair on that beautiful hair of social se
if the president won't negotiate on the debt ceiling. and one of our guests says the next president of the united states will be black. and why one politician accused of a crime was stripped and beaten. we'll show it to you. let's go "outfront." >>> good friday evening, everyone. i'm erin burnette. "outfront" tonight, on the brink of battle. a threat today from a top republican to shut down the government if president obama refuses to negotiate over the debt ceiling. the second most powerful republican in the senate, minority whip john cornyn of texas wrote in an op-ed today, president obama needs to take note of this reality and put forward a plan to avoid it immediately. will those threats work? a senior democrat says if the republicans don't want to raise the debt ceiling, it will be on their shoulders. >> risking government shutdown, risking not raising the debt ceiling is playing with fire. >> playing with fire. douglas holtz-eakin is the former director of the congressional budget office. robert reich is a former u.s. labor secretary and author of a book that explains how we all feel these
this week on morning joe. >> our opportunity here is on the debt ceiling. the president has made it very clear. he doesn't even want to have a discussion about it because he knows this is where we have leverage. we republicans need to be willing to tolerate a temporary partial government shutdown, which is what that could mean. >> governor, i don't doubt that 72% want to see the spending cuts. if they don't lift the debt ceiling, the economy shuts down. not only the u.s. economy, maybe the world economy. the consequences are drastic. look, the bottom line on this, michael, and you know this, nobody should be threatening or rattling sabers. everyone. president obama, harry reid, everyone knows we need significant spending cuts. it's about time we act maturely and get together and try to find out what the spending cuts that we have to make can be made in the least onerous way for the american people. we also need to raise more revenue. the fiscal cliff only raised $600 billion of revenue. we need to raise another $600 billion in revenue and we've got to find a way to do that, as well. >> i
is what is crazier than the 3 trillion-dollar coin is the debt ceiling. congress has always raised the debt ceiling. only how have they fought the white house. well, it's for debt that the congress has incurred. it has to go up. the idea that this 3 trillion-dollar county could get them back the debt ceiling on a technicality is something that makes sense. >> cenk: so it's an absurd idea. understand first of all if they're not going to put it into circulation. if they put it in circulation then they would have inflation. but if they're not going to put it in circulation then what is. this all about? i guess it's the technicality to say technically we still have money. but if you had to actually use it. >> it means that they don't have to issue t-bills or auction off treasury bill. and the other side of this coin--literally--that was quite an accident. it would show how silly this is. >> cenk: the new york federal reserve, the main organization, is run by the top banks. we have given out our most important power to private corporations that then shockingly enough when bush comes to
. the imperious obama presidency flat out refusing to negotiate with republicans on the national debt ceiling. the republicans led by speaker boehner are determined to take up debt and spending once again. this time he says the american people are on his side. the speaker today in the republican caucus meeting behind closed doors. bigger banner making it clear that the president's refusal to negotiate will not deter him or his party and the speaker said that the president said that he n't going to have a debate with us over the debt ceiling. he also sayshat he's not going to cut spending along with a debt limit hik. fiscal cliff behind us on the focus turns to spending. speaker boehner cited a new poll, shwing 72% of americans agree with him. but any increase in the debt lit must be accompanied by an equal amount in spending cuts. senator john cornyn saying that if the president intends the president intends to carry through with his no negotiation threat, but a government shutdown may be the only way to find resolution. the new senate majority leader is saying that it may be necessary to par
or come to some decision on the debt ceiling. are you willing to vote to raise the debt ceiling? >> i think ultimately we're going to have to, aren't we? i don't think there's a single person in congress or in washington that recognizes that, you know, some time in the next short while, we're going to hit that limit. and at that point, we have to -- we have a financial obligation to, you know, millions of people and to programs throughout our government. the question is, what are we going to do to fix the problem? like you started out with your quote there, we want to come back and fix something, do something meaningful here. i tell you what. the problem is that we just continue to kick the can down the road and it doesn't help anyone. we talked about saving our childr children, our country for our children or grandchildren. i don't think we have that long when it comes to our debt. we can't -- this isn't a generational problem. this is a problem we've got to take care of right now. >> and you're talking policy, which is a good thing to talk about. of course, we know in washington pol
too much to take. talk about the do nothing congress. the debt ceiling and this week people are getting paychecks for the first time. >> people will be surprised the president said if you make less than $250,000 you will not pay one dime. they are paying a lot of times. making $50,000 will be on the hook of additional $1,600. you don't have that to give the government so they can waste it to borrow more money. it will hit people hard. ha and then add the obamacare tax and the economy will be in a world of hurt. gerri: maybe there is a tax revolution. people may make calls to congress. who knows? >> i do think there will be a revolt from people who voted for obama that would only hit the nasty rich people. but it will hit them. in and they lose their jobs because the rich guy cannot keep people on the payroll is pay the government or keep the employee. he makes the decision about the employee but not the taxes or he goes to jail. gerri: we had jobs numbers today. 155,000 jobs were created. that is so unimpressive. if we don't create 240,000 jobs we cannot keep up with the num
not raising the debt ceiling is playing with fire and it is my strong recommendation to my caucus and the house democratic caucus and to the president that we make it clear not in the middle of february but from next week on that we are not going to do that, anyone who wants to come and negotiate and say we'll do this, only if -- we will raise the debt ceiling only if you do,a. , b., c., will not have a negotiating partner and if then they don't want to raise the debt ceiling, it will be on their shoulders. i would bet that they would not go forward with that. if they are convinced that those who want to use the debt ceiling as a tool to bring change that they want, if they realize for sure that they're not going to have a negotiating partner, they'll have to find another route to bring the change they want and they won't risk the full faith and credit of the united states. the only way they get leverage is when they think we might negotiate on those issues, is a very sad moment in 2011 when that happened and i think there's a strong consensus at both ends of pennsylvania avenue a
on the search for vittorio missoni.>>> good-bye, l cliff, hello debt ceiling cliff. i'm ali velshi. your elected officials ready to push america over the edge of the cliff. >>ly not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> well, yes, you will, mr. president, and very soon. democrats and republicans are set to clash again over raising the u.s. debt ceiling. let me tell you back in the old days the u.s. had a system where every time a bill involving money was passed the treasury had to raise money for it by issuing bonds. the debt ceiling law was established to give the u.s. treasury the flexibility to borrow money without going to congress to get approval every time a bill was passed. it had absolutely nothing to do with spending control or debt control. it was a technicality. most functioning countries don't have any such thing because they understand that if the government spends the money it has to pay the bills. republicans seem to think the debt creeling is is a good tool to limit
, on the next battle to come, whether to raise the next debt ceiling. >> we can't agree on the reforms, without lowering the avalanche of spending that is creating this debt in the first place. >> reporter: and there is another sign that old pattern of brinkmanship is back. john boehner told republicans behind closed doors he will insist on spending cuts. the president said he will not discuss it, but it is a sign that the battle lines are being drawn for this new congress, wolf? new the >> there is an area, jim you have been looking into, where there could be bipartisan and comprehensive immigration. a lot of them think they have to reach out to the hispanic community and show a little flexibility on this issue. >> reporter: that is right, we have seen communication from both the members of the house and senate that they need to get with the program you might say, when it comes to immigration reform. they just have to look at what happened in the last election, in terms of how hispanics voted overwhelmingly for president obama. but wolf, if we're getting back to that pattern of brinkmanship, e
scoring the worst. >>> the battle over the debt ceiling is just beginning. that's the self-imposed government borrowing limit imposed by congress. if the limit is not raised by late february or early march, the u.s. runs the risk of defoughting on its bills. close to $1 trill is needed to cover a year of borrowing. what's president obama's strategy? brian todd has the answer to the trillion-dollar question. >>. >> reporter: the president says he won't negotiate with congress over lifting the debt ceiling. >> i will not play that game. >> reporter: republicans say -- >> the president may not want to have this debate, but it's the one he's going to have, because the country needs it. >> reporter: so while they debate over a debate and raise head-long into the dead ceiling, is there a magic bullet to solve the crisis? try a magic coin. some economists, legal scholars and now even a congressman, are suggesting a $1 trillion platinum coin could be minted and the government could use that to pay the debt, avoid default and preempt the debt kreeg crisis. democratic congressman ger
. >> the conservative editorial page of "the wall street journal" thinks the debt ceiling threat is a bluff. they wrote today, "you can't take a hostage you aren't prepared to shoot." do you think republicans are willing to shoot the hostage in this negotiation? >> well, what i think is that the employers of many of our republican colleagues, wall street, and the big money interests know absolutely that if the united states for the first time in its history defaults, does not pay its debt, it could lead to an international financial crisis, which will be bad for wall street, which will be bad for big business. and i think they are telling the republicans not to go down that path. >> speaking of wall street, are you willing? i keep hearing that you're going to offer up a transaction tax that will generate several billion to shore up this social security fund. do you think you would get support on that? >> i think we get support from the american people. and i think more and more folks are looking at that as an option. it would do two things. it would bring in many hundreds of millions of dollars over a
judge had refused himself. starting early and spreading quickly can the debt ceiling be resolved with a simple point? and jim ramsey says we could see a few snowflakes this weekend. to chicago police officers charged into a burning apartment building and helped save several residents. they were on patrol in the west would run neighborhood when i noticed flames inside the building they raced into it kicked the door is bent on windows they also help the elderly woman who had trouble walking firefighters rushed to the scene and they were able to put out the fire. >> i was so surprised. >> the flames were contained into a single unit the people who live there were not home at the time and no one was seriously hurt. i thought someone died or there was a fire. it was really scary. residents wicking up to ambulances and fire trucks. the carbon monoxide levels reached a dangerous proportions at the old orchard residences on the 10,000 block of old orchard court a malfunctioning furnace systems for the apartment complex created all the trouble. the hot water system was literally able t
't negotiate on the debt ceiling. plus, after president obama one of our guests says the next president of the united states will be black. does it add up? >> and why one politician acruised of a crime was strip and beaten. we'll show it to you. let's go "outfront." -- captions by vitac -- www.vitac.com >>> good friday evening, everyone. i'm erin burnette. "outfront" tonight, on the brink of battle. a threat from the government to shut down government if president obama refuses to tell gauche yat. president obama needs to take note of it and put forward a plan and note it immediately. will those threats work? a senior democrat says if the republicans don't want to raise the debt ceiling it will be on their shoulders. >> risking government shutdown, risking not raszing the debt creeling is playing with fire. >> playing with fire. he's the former direct over the congressional republican office and beyond outrage what has gone wrong with our economy, our democracy and how to fix it. i show you have solutions to solve the crisis we all fear. let's start with you. in john corn anyoneyncornyn
house after the president insisted earlier this week he will not negotiate over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >> reporter: if the president won't come to the bargaining table, one stop republican in the senate, john cornyn, says in an op-ed in "the houston chronicl chronicle", "it may be necessary to partially shut down the government." >> democrats warn, watch out. risking government shutdown, risking not raising the debt creeling is playing with fire. >> on this vote, the yays are 354, the nays are 67. >> reporter: a preview of that brinkmanship came in the house, where 67 republicans, including house budget chair paul ryan, voted against $9.7 billion in aid for victims of superstorm sandy. despite the tongue-lashing they got from new jersey governor chris christie. >> shame on you. shame on congress. >> reporter: the fact that the rest of the storm relief is now up in the air until a vote late thermowas a letdown for new york and ne
for him in washington a new tuesday well the g.o.p. over raising the debt ceiling. joining us now is wendall goler, hope you holding okay. talk to the president and what he is going to be greeted with. >> reporter: he a used his weekly address to warn republicans not to use the debate over raising the nation's debt ceiling to try and force government spending cuts but even as former budget director say that republicans are more likely to have more leverage. the problem is the president sees it threatening to not paying bills could raise the cost of borrowing money and a genuine u.s. government default could trigger a global recession. >> congress refuses to give the united states the ability to pay its bills on time, consequences could be catastrophic. last time coming threatened this course of action, our entire economy suffered for it. our families and businesses cannot afford that dangerous game again. >> reporter: congressional budget office passed a bill to avoid the fiscal cliff still leaves $900 billion a year in deficits. republicans say by raising taxes on the wealthy the
are coming up on raising the debt ceil tough decisions have to be made . we are over the tax hurdle and the real, real important decisions that are made in the next couple of monthses on spend debt ceiling and reducing the deficit . i don't think he will give in an inch. he's dug n and that is it a nonnegotiatable . it needs to be raised period. it is it silly to say we will not pay our bills . the issue is to reduce the deficit . it shouldn't be held hostage. it is it an artificial creation and nuts not to honor. and i would hope that i was ending the sequestitration and continuing resolution that expires in march that we do something about the deficit and it needs to be a good bit of spending cuts. that is it a issue. gentlemen good discussion thank you so much. and a new effort is underway to help those preserve the past. they are volunteering the services to save thousands of treasured photos . it is it a labor of love and we'll have more. if is it called care . it is helping super storm sandy victims replace what is seems at first irreplaceable. they rode out the house in ocean
deficit as he prepares to battle with congress over the national debt ceiling but he wants congress to raise the debt limit. lawmakers threatened inaction on that and credited rating was downgraded. >> as i said earlier this week, one thing i won't compromise is congress should pay for a tab they already racked up. if congress refuses to give the ability to pay bills on time, global economy could be catastrophic. last time they threatened this action our entire economy suffered for it. >> katie: the republican response by michigan congressman dave kemp, it's i'm to identify responsible ways to tackle wasteful spending. >>> white house officials say president obama is expected to nominate chuck hagel of nebraska to be defense secretary. >> the scandal over hidden cash has taken a new turn with release of a scathing report. it turns out the money was hidden for more than 12 years. capitol core dental nannette miranda explains. >> 70 state parks were scheduled to shut down last summer because of budget shortfalls but just as the closures were about to happen a surplus of $54 million wa
the piece of legislation that came out of the debt ceiling deal. and luke at what just happened in the american tax relief, those two give you fiscal consolidation at around 1.9% of gdp. brad blumer ran the numbers on this. we're actually right now short of sequestration already between the taxes and the cuts, we're already looking at an european level of austerity. >> and if you look at discretionary spending, that is to say, nonentitlement spending, you project it from 2010 to 2022, upnder the 4president pla it will go to 3.1%. >> i want to give you a chance. >> you look at the projection, spendinging is growing throughout the period. sure, if -- >> right, because the economy's growing. >> and the population is growing. >> that's right. >> when you look at -- discretionary spending, even defense spending with the exception, as i said, over the first year, defense spend will go continue to grow. and that is after defense spending grew by 70% in real terms over the last ten years. >> totally agree. there's a few wrinkles in the guts of this in terms of taxes that i mention that
the debt ceiling are expected to get as intense if not worse. the debt ceiling is the legal limit on the nation's borrowing. in his weekly address the president says he is taking a hard line on the issue. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if congress refuses to give the united states the ability to pay its bills on time the consequences for the entire global economy could be catastrophic. last time congress threatened this course of action our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >>> as you would expect, republicans are also drawing a line despite approving the fiscal cliff compromise. gop lawmakers say it was missing something monumental, long-term spending cuts. here is a clip of their weekly address. >> the simple truth is that we are in this fiscal mess because washington takes too much of your money and then wastes it. that's the real problem. it needs a real solution. we have to make sure washington is accountable for e
. with the debt ceiling coming up, what impact will this have on the gop? joining me is septemberor from doin dine and wisconsin. >> thank you, uma. >> congressman, i know you voted for the bill and many colleagues are angry you supported it and say you abandoned the gop's core beliefings. did you read the bill before you voted for it? >> i sure did . that was part of the problem. it was over 500 . took time to absorb what was in it i made the determination of going forward. you can only negotiate with somebody who had something to do . that is it a tax and spend posiddings . how would they lose in a deal that gives them 45 -- $500 billion and no spending restraint. if i could fix taxes for nan percent of the americans it was the best deal to get. >> do you agree that you abandoned the core beliefs of the gop? >> no, it is it the other way around. taxes had gone up as of know judge 1st and no way ofing themm doup >> clayton: is it a republican or consebative deal to raise taxes. >> congresswoman. how bad is the device this time. >> we need to q. back and look at the whole picture that taxes were s
of addressing any kind of debt ceiling agreement. so i think this is a very important stretched. like you and i have been talked about, buckled down and get it done before the deadline. but it is going to be difficult. that is very clear. you are talking about a big challenge. >> we talked in with the newly sworn in senator. this is just over 40 minutes. host: we welcome another former governor and now the senator from maine, angus king, an independent. guest: good morning, steve. the senators you have had this morning are 100% of the senate's moustache caucus. john told me i had doubled the percentage of moustaches in the caucus. host: day two on the job, how is it going? guest: i worked here in the 1970's as a staffer in the senate. to come back and find yourself a u.s. senator is an amazing and somewhat surreal experience, to be on the senate floor and have people say good morning, senator, i look around and say who are they talking to a? it's pretty exciting. it is an important time and i am just delighted to be here and looking forward to getting to work. host: you talked about this a lot
prepares to battle with congress over the national debt ceiling. but he repeated his insistence that congress must raise the debt limit to pay for the debt they already created. when lawmakers threatened inaction on that last year, the nation's credit rating was downgraded. >> as i said earlier this week, one thing i i will not compromise over is whether or not congress should pay for the bill they have already racked up. if congress refuses to give the united states the ability to pay their bills on time the consequences for the entire global economy could be catastrophic. last time they threatened this action our entire economy suffered for t our families and our businesses can't afford that dangerous game again. >>> the republican response by michigan congressman dave camp said it's time to identify responsible ways to tackle washington's wasteful spending. he says america's credit cards are maxed out and there's no money in the bank account so the spending must stop. >>> and president obama is expected to nominate former republican senator chuck hagle of nebraska to be defen
being, and washington is gearing up now for another battle-- the debt ceiling. major garrett looks ahead. >> four people are shot to death in aurora, colorado, just miles from the theater where 12 people died last july. we'll have the latest. a new jersey town secures its students by posting armed police at every school in a district free of violent crime. and acoustic overload under the sea. what the rising tide of noisy ships is doing to the lives of whales. >> i think we're trying to understand what kind of a crisis this is. captioning sponsored by cbs this is the "cbs evening news." >> axelrod: good evening. i'm jim axelrod. washington has barely had time to catch its breath after reaching a deal on raising taxes and battle lines are already emerging for the next showdown. this week, secretary of the treasury, timothy geithner reported the u.s. government has reached its borrowing limit. this means the congress and the president have roughly two months to work out a deal to raise that limit. republicans are saying no deal without spending cuts. major garrett is at the white house for
of vacation before he and congress engage in their next fiscal fight. at the top of the list, the debt ceiling which is like the nation's credit card, and it's about to max out. emboldened by his recent tax hike victory, president obama drew a hard line in his weekly address. >> as i said earlier this week, one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. >> reporter: house speaker john boehner who won re-election to the speakership this week -- [ applause ] >> reporter: told his conference he plans to use the debt limit as leverage to cut spending. in the republican address, representative dave camp echoed boehner. >> our national debt is now over $16 trillion. we're crushing today's small businesses, and the next generation of americans under a mountain of dead. >> reporter: if the fight sounds familiar, it is. during the summer of 2011, the country had its credit downgraded after the president and lawmakers had a bruising fight over the debt limit. on friday, cnbc's jim cramer told andrea mitchell the upcoming partisan
to be that we're going to have to raise the debt ceiling. it's going to cost us more money. we're going to go into debt more , and that's going to cae a ripple effect internationally in globally decrease our debt rating, maybe double-a-2 and a. neil: side of the keys as will blink. the last downgrade the world went merrily on. what will it take? >> that such a good point. not only go merrily on, but the dollar actually got stronger after the downgrade because it created a lot of uncertainty. you know what, there's a point at which everything changes. all of a sudden people realized, these guys really cannot get their act together. neil: a handle on your head. >> i know that. sometimes it takes that. you know, my guess is you're going to get a downgrade. i don't see how these guys get together. neil: my guess is it has no effect. >> i bet you a nickel it does have an effect. the dollar, this one doesn't have an effect, the next one, and i think this country needs a crisis. i think the crisis will be the dollar becomes trash and inflation heads up i a dramatic way. and that ill get everyone's a
. >> the president returns to work on monday with hopes of avoiding a fight over the federal debt ceiling. will have more on that. >> we will talk about the book " a lipstick and the leash ". she will bring the dog to tell us how to do it. >> here is this look outside. this is a shot of san francisco. >> we do have rain on the way. here is a live look outside at the mt. cam. it is breezier outside and we are expecting the rain to push into the afternoon hours. the increasing clouds will come in. iran will push into the north bay and will grow. taking a look at the visibility. the visibility is down t 4 mi. and. it will not make any problems for driving. it is a chilly start for the morning. it is 32 degrees in fairfield and 33 in santa rosa. it is 44 degrees currently in hayward. that afternoon highs will have a mix bag of 50s. for those of you head into the sierra you can expect a fresh shot powder. if they will have 2 to 3 in.. >> the top story we are following this morning. investigators in south lake tahoe are trying to determine what led to the death of a 19 year-old petaluma a teenager. if the
, the debt ceiling. >> i think that is frankly a dead loser. >> it is time to rise. >> we really are playing with dynamite with the debt ceiling. >> is the glass full or half empty. >> tax increases destroy jobs. >> we always assume the republicans have the leverage in the debt ceiling negotiations. >> i will not have another debate with this congress. they should pay the bills they have already racked up. >> he is the president. >> class a statesmanship. >> it is the time to rise. >> will the 113th congress be any less dysfunctional than the 112th? >>> with the fiscal cliff or curve or slope or whatever you want to call it, i'm glad we don't have to have this debate anymore. newly -- with that behind us,
that did not touch the entitlement, and debt ceiling did that did not talk about the debt ceiling. what did we do? >> well, congresswoman, the reason i laughed and had to stop in the middle of the mcconnell quote is that the idea that the debt or the so-called spiraling debt is the fundamental pre-eminent issue facing us, and if that is the sort of the line in the sand for the 113th, it sounds like you are going to have a hard time getting these o other things addressed if in fact, the narrative is always going to be about debt and spending in some way. >> well, what we have seen is that most americans do see that debt is a concern, and they may not understand all of the details, but they know in their own lives that when they have debt, they are in trouble, and we have to acknowledge it honestly and that there is a problem and acknowledge that the way to solve it is not just to raise taxes or cut spending. sometimes the republicans will say no new taxes and democrats say no cut in spending. so we have to find a middle ground and do it. what we didn't see from the deal that came out last we
confrontations over the debt ceiling are expected to get as intense if not worse. the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he is taking a hard line on the issue. >> one thing i will not compromise over is whether or not congress should pay the tab for the bill they've already racked up. if congress refuses to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic. last time congress threatened this course of action, our entire economy suffered for it. our families and our businesses cannot afford that dangerous game again. >> as you would expect, republicans are also drawing a line despite approving the fiscal cliff compromise. gop lawmakers say it was missing something monumental -- long-term spending cuts. here's a clip of their weekly address. >> the simple truth is that we are in this fiscal mess because washington takes too much of your money and then waists it -- then wastes it. that's the real problem and needs a real solution. we have to make sure wa
enhancing drugs and republicans and democrats are they open to compromise when it comes to the debt ceiling? the next cliff we are approaching, we will give you a primer on that battle, next, you are watching msnbc, your place for politics even on a saturday afternoon. c'mon dad! i'm here to unleash my inner cowboy... instead i got heartburn. [ horse neighs ] hold up partner. prilosec isn't for fast relief. try alka-seltzer. kills heartburn fast. yeehaw! the blissful pause just before that rich sweetness touches your lips. the delightful discovery, the mid-sweetening realization that you have the house all to yourself. well, almost. the sweet reward, making a delicious choice that's also a smart choice. splenda no-calorie sweetener. with the original sugar-like taste you love and trust. splenda makes the moment yours. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. we believe the more you know, the better you trade. s
. that of course takes raising the nation's debt ceiling. here is the president in his weekly internet address. >> as i said earlier this week, one thing i will not compromise over is whether or not congress should pay the tab for a bill they've already racked up. if congress to give the united states the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic, last time congress threatened this course of action our entire economy suffered for it and our families businesses cannot afford that dangerous game again. >> jamie: that argument isn't sitting well with some members of the g.o.p. who say the real danger would be allowing the country to take on more debt than it can michigan congressman dave camp delivered the republican message. >> many of our democratic colleagues don't seem to get it. throughout the fiscal cliff discussion, the democrats and president who control washington repeatedly refused to take am i meaningful steps to make washington live within its means. that position is irresponsible and failed to acknowledge what every family
in washington over spending cuts and the debt ceiling will mean for hiring. companies continued adding jobs even with the uncertainty over the fiscal cliff. and, many economists believe firms will increase payrolls this year in spite of the debt ceiling debate. >> i don't think that the spending cuts will be as significant headwinds for the u.s. economy because these spending cuts are made over ten- year period. there won't be a significant amount of spending cuts that will take place in 2013, so that's why i think it's less of an issue. >> reporter: still, there's ample concern about what the expiration of the payroll tax cut will mean for spending and ultimately hiring. don't forget all americans will see a smaller paycheck this year, because of that change. >> consumers aren't well poised to absorb a 2% tax increase and nonetheless that's what's going to happen, and it's going to keep us stuck in this slow growth territory. >> reporter: and, slow economic growth makes companies less confident about adding new workers. as a result, it is widely predicted that this year will be another period o
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